TransVoyant Enhances Tive and the Open Visibility Network with Continuous Analysis of Real-Time and Predicted Supply Chain Behavior
Anurag Khadkikar | May 04, 2021
Tive, a leading provider of in-transit visibility, and TransVoyant, a pioneer in global supply chain data fusion, business analytics, and actionable intelligence, announced a collaboration today to bring live supply chain situational awareness to the Open Visibility Network (OVN) to enhance actionable, complete, and intelligent visibility and business insights.
Most visibility journeys begin by concentrating on a single section of the supply chain, leaving out visibility into incidents that occur upstream and downstream. This poses a problem for shippers who rely on inbound materials. It is easier to see the impact of events on the overall supply chain as conventional exposure is linked with expected supply chain behavior. Visibility must include data from both within the organization (ERP, TMS, OMS, WMS) and the outside world that surrounds the supply chains (social unrest, border crossings, port congestion, etc.). Without this level of connectivity, you will have supply chain gaps that will inevitably cost you time, service, and money.
TransVoyant's capabilities will be combined with Tive's real-time in-transit load sensing data as part of the Open Visibility Network collaboration and integration to provide instant benefit to global supply chains. Tive's Solo 5G trackers send real-time location, temperature, light, shock, and other load sensing data to the Tive Data Cloud.TransVoyant applies advanced machine learning and artificial intelligence to real-time event data streams to generate a live global picture of customers' static and moving assets, as well as predictive insights that enable them to anticipate and avoid threats and disruptions caused by weather, port congestion, natural disasters, supplier failure, road construction, competitor behavior, labor strikes, and other factors.
Tive is a leading provider of real-time supply chain visibility insights that assist logistics professionals in actively managing the location and condition of their in-transit shipments. Shippers and logistics service providers (LSP) use Tive to eliminate preventable delays, disruption, and shipment failures. Tive's solution delivers data provided by its industry-leading trackers, enabling clients to effectively optimize their shipments, maximize their customers' experiences, and unlock supply chain insights in real-time.
TransVoyant is the global supply chain data fusion, business analytics, and actionable intelligence pioneer. It collects, clean, and fuse over one trillion global activity events every day from terrestrial, near-space, and space-based sensors, making it the world's largest repository of real-time big data. They have been analyzing these big data streams using their proprietary algorithms and implementing the unique learned behavior models since 2012 to continuously understand the end-to-end global flow of trade. These behavior models, along with their continuous analysis of real-time and predicted global events and risks, enable them to predict lead times, variability, delays, and opportunities and initiate prescriptive steps that increase revenues, minimize costs, and enhance customer experience.